Global Micro and Nano Programmable Logic Control (PLC) Market, By Type (Micro PLC, Nano PLC), Offering (Hardware, Software, Services), Architecture (Fixed PLC, Modular PLC), Industry (Automotive Industry, Chemicals and Fertilizers Industry, Food and Beverages Industry, Home and Building Automation Industry, Metals and Mining Industry, Oil and Gas, Pharmaceutical Industry, Pulp and Paper Industry, Power, Water and Wastewater Industry) – Industry Trends and Forecast to 2029
Market Analysis and Size
The programmable logic control (PLC) are being widely used in transmitting signals to controllers for gathering data and supervisory control. These are known to eliminate the need for hardwiring and rewiring conventionally. This technology is resistant to extreme humidity, electrical noise, temperatures and vibrations.
Global Micro and Nano Programmable Logic Control (PLC) Market was valued at USD 6,934.00 million in 2021 and is expected to reach USD 11,389.82 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022-2029. “Oil and Gas” is expected to witness high growth in the industry segments owing to the increase in oil explorations. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Market Definition
Micro and nano programmable logic controllers (PLC) refer to the small-sized electronic devices that are generally utilized for controlling and monitoring basic industrial machines. These devices include power supply unit and programming devices, input/output modules, along with motion control, redundancy software and simulation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Micro PLC, Nano PLC), Offering (Hardware, Software, Services), Architecture (Fixed PLC, Modular PLC), Industry (Automotive Industry, Chemicals and Fertilizers Industry, Food and Beverages Industry, Home and Building Automation Industry, Metals and Mining Industry, Oil and Gas, Pharmaceutical Industry, Pulp and Paper Industry, Power, Water and Wastewater Industry)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ABB (Sweden), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric (France), Siemens (Germany), Bosch Rexroth AG (Germany), Emerson Electric Co. (US), IDEC Corporation (Japa), OMRON Corporation (Japan), B&R (Austria), Toshiba International Corporation (Japan), FATEK AUTOMATION CORP. (Taiwan), KEYENCE CORPORATION. (Japan), among others
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Market Opportunities
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Micro and Nano Programmable Logic Control (PLC) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Technological Proliferation
The rise in technological proliferation along with growth of manufacturing sector across the globe acts as one of the major factors driving the growth of micro and nano programmable logic control (PLC) market. These systems are essential component of many industrial processes, and are used in a wide range of applications.
- Integration of Human-Machine Interface (HMI)
The rise in integration of micro and nano PLCs with a human-machine interface (HMI) accelerate the market growth. PLCs can be utilized high-voltage devices and, finds extensive applications across various industries, such as energy, oil and gas, power, and pharmaceuticals.
- Use in Commercial and Residential Buildings
The increase in the utilization of automatic security systems in commercial and residential buildings further influence the market. Also, extensive research and development (R&D) activities has a positive impact on the market.
Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the micro and nano programmable logic control (PLC) market.
Opportunities
Furthermore, widespread adoption of IoT connectivity and advent of Industry 4.0 extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, development of advanced sensors that consume minimal power and space will further expand the market.
Restraints/Challenges
On the other hand, additional cost incurred by expandability of micro and nano PLC along with fluctuating oil and gas prices are expected to obstruct market growth. Also, increase in security risks is projected to challenge the micro and nano programmable logic control (PLC) market in the forecast period of 2022-2029.
This micro and nano programmable logic control (PLC) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on micro and nano programmable logic control (PLC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Micro and Nano Programmable Logic Control (PLC) Market
The COVID-19 had a negative impact on the micro and nano programmable logic control (PLC) market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for compressor control system. The supply chain got hampered during the pandemic along with delay logistics activities. However, the micro and nano programmable logic control (PLC) market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Global Micro and Nano Programmable Logic Control (PLC) Market Scope and Market Size
The micro and nano programmable logic control (PLC) market is segmented on the basis of type, offering, architecture, and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Micro PLC
- Nano PLC
Offering
- Hardware
- CPU
- Memory
- Executive Memory
- System Memory
- I/O Status Memory
- Data Memory
- User Memory
- Input/Output Modules
- Power Supply Unit
- Programing Devices
- Software
- Programming Software
- Simulation Software
- Motion Control Software
- Redundancy Software
- Services
- Installation
- Software Upgradation
- Training
- Maintenance
Architecture
- Fixed PLC
- Modular PLC
Micro and Nano Programmable Logic Control (PLC) Market Regional Analysis/Insights
The micro and nano programmable logic control (PLC) market is analyzed and market size insights and trends are provided by country, type, offering, architecture, and industry as referenced above.
The countries covered in the micro and nano programmable logic control (PLC) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the micro and nano programmable logic control (PLC) market because of the increase in the automation and servicing requirements, and increased number of manufacturing facilities within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the number of technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Micro and Nano Programmable Logic Control (PLC) Market
The micro and nano programmable logic control (PLC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to micro and nano programmable logic control (PLC) market.
Some of the major players operating in the micro and nano programmable logic control (PLC) market are
- ABB (Sweden)
- Mitsubishi Electric Corporation (Japan)
- Rockwell Automation, Inc. (US)
- Schneider Electric (France)
- Siemens (Germany)
- Bosch Rexroth AG (Germany)
- Emerson Electric Co. (US)
- IDEC Corporation (Japa)
- OMRON Corporation (Japan)
- B&R (Austria)
- Toshiba International Corporation (Japan)
- FATEK AUTOMATION CORP. (Taiwan)
- KEYENCE CORPORATION. (Japan)
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